Business News of Thursday, 11 August 2011

Source: GNA

Ghana to revamp gas infrastructure- Kofi Buah

Huni-Valley (W/R), Aug. 11, GNA — Mr Emmanuel Armah Kofi Buah, Deputy Energy Minister, has attributed the current shortage of Liquefied Petroleum Gas (LPG) to inadequate gas infrastructure in the country.

He has therefore called for a collective effort by all stakeholders to revamp the gas infrastructure in the country in order to meet the increasing demand of the product.

Mr Buah said this at the regional launch of a five-year Weldy Lamont and Associates Electrification project at Huni-Valley in the Western Region.

He said LPG usage in the country has increased over 60% over the last two years thereby putting pressure on the scarce commodity.

The Energy Deputy Minister however, regretted that some political opponents are using the gas shortage in the country as a propaganda tool to score cheap political point.

“The LPG usage, as of the year 2008 was 5,000 metric tons a week, but now it has increased to 8,000 metric tons a week and over 250,000 metric tons a year, hence the shortage in supply.”, he noted.

He noted that the situation is being compounded by the commercial usage of the LPG and called for concerted efforts to stop the trend.

Mr Buah noted that the government is currently subsidizing LPG at a cost of GHC14 million monthly, to cushion the people and pledged government’s commitment to improve gas facilities.